Your Money Is Protected at Jenius Bank
Your Money Is Protected at Jenius Bank
When you open a bank account, it’s a smart idea to ensure your money will be protected. The FDIC guarantees your eligible deposits are insured up to the maximum allowed by law. That means your funds are available no matter what happens.
Everything You Need to Know About FDIC Insurance:
Everything You Need to Know About FDIC Insurance:
FDIC insurance protects funds in eligible deposit accounts if your bank fails
That means you have guaranteed access to your deposits up to $250,000
The government created the FDIC in 1933 as a response to the Great Depression The FDIC was put in place to help consumers safeguard their money — and is fully backed by the credit of the U.S. government. If your bank is eligible, it purchases and maintains FDIC insurance on your behalf.
Only state-chartered or nationally chartered banks qualify for FDIC insurance Charters establish the rules that govern how a bank operates. To receive a charter, a bank must apply and meet rigorous requirements to become an FDIC member.
What This Means for Jenius Savings Account Holders
What This Means for Jenius Savings Account Holders
Plain and simple, when you deposit money with a bank that is FDIC-insured, there’s a lot less risk.
You Can Make Deposits Worry-Free
You should feel confident that the money you deposit is secure. Rest easy knowing your money is safe and sound with FDIC insurance.
There’s No Legwork For You
Eligible deposits are insured cost-free from the moment you open a Jenius Savings account.
Feel Secure In Your Savings Strategy
Bank charters don’t come easy, which is why many fintechs are not FDIC-insured. Since Jenius Bank is a division of SMBC MANUBANK, which has a state charter, we can help customers avoid the financial risks that often come with unchartered neobanks.
Information You Can Bank On
Information You Can Bank On
- Banking 101Financial Wellness
Jenius Bank vs a Neobank: How We’re Different
Your money is important to you, and where you choose to bank could impact your access to growth opportunities and even the security of your hard-earned savings.
Jenius Bank Team • 2/10/2023 - Banking 101Financial Wellness
Challenger Banks: What You Need to Know
Challenger banks are reshaping the banking industry. Learn more about the tech-savvy newcomers.
Jenius Bank Team • 7/27/2023 - Saving & CheckingBanking 101
Checking vs Savings Accounts: Optimize Your Funds
Having both a checking account and savings account could benefit your finances. Learn why both types of accounts are important.
Jenius Bank Team • 9/20/2024
Start Saving Today
Start Saving Today
Open a Jenius Savings account to reach your financial goals faster. It’s quick and easy to open, and all online. Plus, you can feel good knowing your eligible deposits — up to $250,000